Tag: flood insurance policy

Flood insurance policies recommended to Florida residents before hurricanes begin

H. Cutner
Flood Insurance

Homeowners are urged to purchase their protection ahead of potential flooding problems. Kevin McCarty, the commissioner for Florida, has released an official announcement that is urging homeowners in the state prepare for the upcoming hurricane season through the purchase of flood insurance before the storms start to arrive. The last few years have shown the weather to be fierce and unpredictable, so it is best to be prepared. Flood insurance coverage is available to business owners, homeowners, and renters through the National Flood Insurance Program (NFIP) to communities that are…

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Flood insurance deal not reached between ABI and UK government

Flood Insurance

The Environment Secretary has expressed the “disappointment” that he feels at the failure to come together. Owen Paterson, Environment Secretary in the U.K. has revealed that he is feeling “disappointment” as a result of the failure of the Association of British Insurers (ABI) and the British government to reach a deal for a flood insurance program that would protect homes and businesses in high risk areas. The two organizations have been in talks over a new coverage strategy for many weeks as the deadline looms. The discussions have been with…

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Flood insurance in New Orleans expected to rise

S.Vagus
New Orleans Flood Insurance

FEMA maps could make flood insurance more expensive in New Orleans The U.S. Federal Emergency Management Agency (FEMA) has been making revisions to its national flood maps over the past several months. The agency notes that making changes to its existing flood maps is necessary due to environmental concerns and how changes in climate are affecting portions of the U.S. In some parts of the country, rising sea levels are exposing citizens to risks associated with floods. Powerful storms have also been causing widespread flooding, as was the case with…

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Flood insurance is a recommended coverage for residents of Maine

G. Turner
flood insurance news

Homeowners living in the state are urged to purchase protection when they are located near a body of water. Officials in the state of Maine are now urging homeowners and business owners to think about purchasing flood insurance coverage when the structure is located near a body of water and could therefore be at risk very soon. The flooding season in the state is rapidly approaching, as the snow begins to melt and rains begin. The Maine Floodplain Management Program is reminding homeowners and business owners that the typical policies…

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Flood insurance rate hike opposed by congressmen

G. Turner
flood insurance rates

Several have called for a delay to the increase in the premiums for coverage against floodwater damage. A growing number of congressmen are now working together to help to delay the increases in flood insurance rates for victims of Superstorm Sandy through the introduction of a new bill. The congressmen were working together to introduce the bill to boost the timeline before the increases. So far, the congressmen involved in the introduction of the Flood Victim Premium Relief Act 2013 (H.R. 960) include Congressmen Michael Grimm and Gregory Meeks, who…

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